TIDMJLEN
RNS Number : 1936P
John Laing Environmental Assets Grp
04 June 2015
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.
4 June 2015
John Laing Environmental Assets Group Limited
Equity Raise and Issue Price
On 20 May 2015, John Laing Environmental Assets Group Limited
(the "Company" or "JLEN") announced its intention to launch an
equity raise targeting an issue of GBP45 million of new ordinary
shares of no par value in the capital of the Company ("Ordinary
Shares") through a placing and offer for subscription (the
"Issue"), and a placing programme of up to 150 million new Ordinary
Shares and/or new C-shares of no par value in the capital of the
Company (the "Placing Programme").
JLEN today confirms that the issue price for the new Ordinary
Shares to be issued pursuant to the Issue (the "New Shares") will
be 101.0 pence per New Share, which represents a premium of 2.9 per
cent. to the net asset value of 98.2 pence per Ordinary Share as at
31 March 2015 (excluding the dividend of 3.0 pence to be paid on 12
June 2015 to which the New Shares will not be entitled).
JLEN is today publishing a circular (the "Circular") which will
be posted to Shareholders shortly. A copy of the Circular will be
submitted to the National Storage Mechanism and will shortly be
available for inspection at www.morningstar.co.uk/uk/NSM as well as
being made available on the Company's website www.jlen.com. The
Issue and the Placing Programme are conditional on the approval by
Shareholders of the Disapplication Resolution to be put to
Shareholders at the Extraordinary General Meeting, which has been
convened for 10:00 a.m. on 6 July 2015 at Sarnia House, Le Truchot,
St Peter Port, Guernsey GY1 4NA.
The Prospectus in connection with the Issue and Placing
Programme is expected to be published shortly.
Unless otherwise defined, capitalised words and phrases in this
announcement shall have the meaning given to them in the
Circular.
Expected timetable
Publication of the prospectus 4 June 2015
Latest time and date for receipt of Forms 10:00 a.m. on 2
of Proxy July 2015
Extraordinary General Meeting 10:00 a.m. on 6
July 2015
Latest time and date for receipt of Application 11:00 a.m. on 8
Forms and payment in full under the Offer July 2015
for Subscription
Latest time and date for receipt of Placing 12 noon on 9 July
commitments 2015
Announcement of the results of the Issue 10 July 2015
Admission 15 July 2015
Placing Programme commences 16 July 2015
Placing Programme closes 3 June 2016
Winterflood Securities Limited is acting as sole sponsor,
financial adviser and bookrunner to the Company.
For further information please contact:
John Laing Capital Management
Limited
David Hardy
Chris Tanner
Telephone: +44(0)20 7901 3559
Winterflood Securities Limited
Darren Willis
Joe Winkley
Neil Langford
Telephone: +44(0)20 3100 0000
Important information
The content of this announcement, which has been prepared by and
is the sole responsibility of John Laing Environmental Assets Group
Limited (the "Company"), has been approved by John Laing Capital
Management Limited (the "Investment Adviser") which is authorised
and regulated by the Financial Conduct Authority, solely for the
purposes of section 21(2) (b) of the Financial Services and Markets
Act 2000 (as amended).
This announcement is an advertisement. It does not constitute a
prospectus relating to the Company and does not constitute, or form
part of, any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any shares
in the Company in any jurisdiction nor shall it, or any part of it,
or the fact of its distribution, form the basis of, or be relied on
in connection with or act as any inducement to enter into, any
contract therefor.
Recipients of this announcement who are considering acquiring
shares in the Company following publication of the prospectus in
connection with the Issue and the Placing Programme (the
"Prospectus") are reminded that any such acquisition must be made
only on the basis of the information contained in the Prospectus
and any supplement or supplements thereto which may be different
from the information contained in this announcement.
Winterflood Securities Limited ("Winterflood"), which is
authorised and regulated by the Financial Conduct Authority, is
acting only for the Company in connection with the matters
described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of Winterflood or advice
to any other person in relation to the matters contained
herein.
The shares of the Company have not been, nor will they be,
registered under the US Securities Act of 1933, as amended, or with
any securities regulatory authority of any state or other
jurisdiction of the United States or under the applicable
securities laws of Australia, Canada, Japan, New Zealand or South
Africa. Further, the Company has not been and will not be
registered under the US Investment Company Act of 1940, as amended.
Subject to certain exceptions, the shares of the Company may not be
offered or sold in any member state of the EU other than the United
Kingdom, the United States of America, Canada, Australia, Japan,
New Zealand or South Africa or to or for the account or benefit of
any national, resident or citizen of any member state of the EU
other than the United Kingdom, Canada, Australia, Japan, New
Zealand or South Africa or any person located in the United States.
The Issue, the Placing Programme and the distribution of this
announcement in other jurisdictions may be restricted by law and
the persons into whose possession this announcement comes should
inform themselves about, and observe, any such restrictions.
This announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, strategy, plans, proposed
acquisitions and objectives are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and operational performance may differ materially from the
results and performance expressed in, or implied by, the
statements. These forward-looking statements speak only as at the
date of this announcement. The Company, the Investment Adviser and
Winterflood expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Prospectus Rules of the Financial Conduct Authority or other
applicable laws, regulations or rules.
Acquiring shares to which this announcement relates may expose
an investor to a significant risk of losing all of the amount
invested. Persons considering making such an investment should
consult an authorised person specialising in advising on such
investments and should ensure that they fully understand and accept
the risks which will be set out in the Prospectus, when published.
This announcement does not constitute a recommendation concerning
the Issue or the Placing Programme and no information in this
announcement should be construed as providing financial, investment
or other professional advice. The value of the Ordinary and/or C
Shares can decrease as well as increase. Past performance or
information in this announcement or any of the documents relating
to the Issue and/or the Placing Programme cannot be relied upon as
a guide to future performance. The returns set out in this
announcement are targets only. There is no guarantee that any
returns set out in this announcement can be achieved or can be
continued if achieved, nor that the Company will make any
distributions whatsoever.
Apart from the responsibilities and liabilities, if any, which
may be imposed by the Financial Services and Markets Act 2000 or
the regulatory regime established thereunder, none of the Company,
the Investment Adviser or Winterflood nor any of their respective
affiliates accepts any responsibility or liability whatsoever for
or makes any representation or warranty, express or implied, as to
this announcement, including the truth, accuracy or completeness of
the information in this announcement (or whether any information
has been omitted from the announcement) or any other information
relating to the Company, its subsidiaries or associated companies,
whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever
arising from any use of the announcement or its contents or
otherwise arising in connection therewith. The Company, the
Investment Adviser and Winterflood and their respective affiliates
accordingly disclaim all and any liability whether arising in tort,
contract or otherwise which they might otherwise have in respect of
this announcement or its contents or otherwise arising in
connection therewith.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEGUGDLIDGBGUS
Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024